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$220,000 Just Listed
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Property Description
Just minutes from Purdue University Northwest, this beautifully maintained Hammond home offers the perfect blend of location, comfort, and move-in ready appeal! Whether you're commuting to campus, investing near a high-demand area, or simply wanting unbeatable convenience, this 2-bedroom, 2-bath gem delivers. Step inside to a bright, open living space filled with natural light from large windows, showcasing crisp finishes, hardwood flooring, and a modern kitchen equipped with stainless steel appliances. The finished basement provides versatile extra living space -- ideal for a home office, guest suite, workout room, or additional bedroom. Enjoy peace of mind with a newer roof (approximately 4 years old), a 1.5-car garage, and a spacious fenced yard. Outside, unwind or entertain in the backyard featuring a patio that extends your living space -- perfect for summer evenings, weekend BBQs, and relaxing after a long day. Located near Purdue University Northwest, shopping, dining, and major commuter routes, this home checks every box for lifestyle and value. Move-in ready and a must-see!
Full Property Details
Full Property Details for 7231 Olcott Ave
General
- Price: $220,000
- Taxes: $1,850 (2024)
- Status: Active
- Type: Single Family
- Source: GNIAR
- MLS ID: 833176
- Updated: 1/23/2026
- Added to Site: 4 day(s) ago
Interior
- Number of Rooms: 6
- Interior Features: Ceiling Fan(s)
- Appliances: Dryer, Washer, Range Hood, Refrigerator, Range, Microwave, Electric Range
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Parking
- Garage Spaces: 2
Location
- County: Lake
- Township: North
- Subdivision: Woodmar 10
- Driving Directions: From Calumet Ave, head east on 169th St, then north on Olcott Ave. Home is on the right-hand side, just minutes from Purdue University Northwest.
Heating & Cooling
- Heating Type: Central, Forced Air
Structural Information
- Square Feet: 2,750
- Year Built: 1939
Lot Features
- Lot Size (Acres): 0.14
- Lot Size (Sq. Ft.): 6,098.4
- Lot Features: Back Yard, Near Public Transit, Landscaped, Front Yard
Financial Considerations
- Tax Amount: $1,850
- Tax Year: 2024
- Terms: Cash, VA Loan, FHA, Conventional
Disclosures and Reports
- Legal Description: WOODMAR UNIT 10 L.30 BL.35 ALL L.31 BL.35 S2. L.32 BL.35
- Property ID: 450708453016000023
Listed by LPT Realty LLC
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Schools
Schools serving 7231 Olcott Ave
School District:Hammond School City
| Name | Grades | Distance |
|---|---|---|
Thomas Jefferson Elementary School, Hammond, IN 6940 Northcote Avenue, Hammond, IN 46324 | PK-5 | 0.6 mi |
Charles N Scott Middle School 3635 173rd Street, Hammond, IN 46323 | 6-8 | 2 mi |
Morton Senior High School 6915 Grand Avenue, Hammond, IN 46323 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7231 Olcott Ave
Date
Details
Price
Change
Source
1/23/2026
Listed
$220,000
102.07%
MLS
5/16/2016
Sold
$108,871
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 7231 Olcott Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,196
-71%
$169,100
6%
2023
$7,638
291%
$159,800
6%
2022
$1,952
-10%
$150,600
27%
2020
$2,168
41%
$118,200
4%
2019
$1,533
—
$114,200
4%
2019
$1,533
1%
$109,600
6%
2018
$1,511
-4%
$103,400
5%
2017
$1,578
—
$98,800
—
2017
$1,578
8%
$99,000
—
2016
$1,456
12%
$99,200
-2%
2015
$1,304
-28%
$101,100
-2%
2013
$1,805
3%
$103,000
1%
2012
$1,752
—
$101,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7231 Olcott Ave
7231 Olcott Avenue, Hammond, IN 46323 (MLS# 833176) is a Single Family property with 2 bedrooms and 2 full bathrooms. 7231 Olcott Avenue is currently listed for $220,000 and was received on January 23, 2026. Want to learn more about 7231 Olcott Avenue? Do you have questions about finding other Single Family real estate for sale in Hammond? You can browse all Hammond real estate or contact a Coldwell Banker agent to request more information.

